The round was led by Telescope Partners. Fathom's seed investors include Maven Ventures, Character, Active Capital and Rackhouse Ventures. The company also reserved 10% of the round for its users, who invested over $2 million via the crowdfunding platform Wefunder in two weeks.

Fathom is the AI-powered meeting intelligence platform that enables teams to have more productive conversations. Fathom records, transcribes, summarizes and analyzes meetings to surface key moments, decisions and action items. Its AI adapts to each team's needs, with customizable templates for different meeting types.